R 7 900 000
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30 Bed House in St Michaels on Sea

30 19 3 044 m²

Calling On Serious Investors, Block Of Apartments with Huge Income Potential!!

Conveniently situated within walking distance from the main beach of St Michael''s on Sea, this complex offers an ideal opportunity for permanent rental, holiday rentals, or any other option that suits your needs. With its strategic location and versatile features, the possibilities for generating income are endless. Take the time to explore all the options available and discover the full potential of this perfect investment opportunity. Including 11 apartments, an office, and three halls, this property presents a diverse range of income-generating opportunities. With such a variety of spaces, from residential units to versatile halls and office space, the potential for maximizing returns is extensive. Explore the multifaceted potential of this property to discover the numerous avenues for generating income and making the most of this investment opportunity.

Building No. 1 = 7 Apartments

5 x 3 Bedroom Duplex Units with 1 Bathroom and a guest toilet. Lounge and an enclosed patio area, leading to an undercover patio area. Enclosed verandah upstairs.

2 X 2 Bedroom Units, one with an enclosed verandah and the other with an enclosed verandah leading to an undercover patio.

Building No. 2 = 3 Apartments

1 Unit with 2 Bedrooms and 1 Bathroom

1 Unit with 4 Bedrooms and 1 Bathroom

1 Unit with 2 Bedrooms and 1 Bathroom

Building No. 3 = 1 Apartment

3 Bedrooms and 1 Bathroom, adjacent to this unit is a (hall), currently being utilized as a classroom

Building No. 4

2 Classrooms, one with 3 Showers and 3 Toilets and 2 more rooms which can be utilized as bedrooms.

Building No. 5

Office with 2 Bathrooms

Additional

On-Site Laundry

Store Room

2 X Store room Containers.

Fully Walled

Well-maintained gardens, 2 x 1000l water tanks. Ample parking space.

For more Information on the Units, Feel Free to get in Contact!

Property details

  • Listing number T4562678
  • Property type House
  • Erf size 3 044 m²
  • Rates and taxes R 2 590

Property features

  • Bedrooms 30
  • Bathrooms 19
  • Lounges 11
  • Access Gate
  • Laundry
  • Patio
  • Staff Quarters
  • Storage
  • Study
  • Wheel Chair Friendly
  • Kitchen
  • Garden
  • Family Tv Room
  • Paving
  • Guest Toilet

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